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Many developments that were expected to start construction didn’t because of the economic uncertainty prompted by the pandemic.
Many developments that were expected to start construction didn’t because of the economic uncertainty prompted by the pandemic.
The 3,500-square-foot building, which sits on a 5,500-square-foot lot on Detroit Street, is fully leased to women’s boutique Margaret O’Leary and furniture store Coda Studio.
“They’ve done nothing to deserve this suffering, which is just not right, so we’re going to step up and do something about it,” said Matt Joblon, CEO of BMC Investments.
St. Paul St. “will become the most heavily trafficked pedestrian area in Cherry Creek,” the CEO of BMC Investments predicted.
“Up-and-coming artists, musicians and chefs steer clear of Cherry Creek right now — and we are aiming to change that,” said developer Matt Joblon.
“I think we’re going pretty deep into a recession and I think it’s going to be drawn out, unfortunately,” BMC Investments CEO Matt Joblon said.
The developer bought the site for a combined $6.8 million last summer.
But don’t expect the high-end gym brand to open anytime soon.
Matt Joblon, the man behind office building Financial House, and hotels Halcyon and Moxy, is now building in Aurora.
The AC Hotels by Marriott property would have 150 rooms and be developed by an Arizona-based company.
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